Today, the FED will decide on the interest rate in the USA. It is almost certain (99% probability) that the rate will remain unchanged. The most important aspect to focus on in this meeting’s minutes is the FED Balance Sheet. Will they stop tightening the balance sheet this month, or will they wait until mid-year as stated in January? Leading up to the FOMC meeting, ETH is squeezing within its 4-hour pattern, forming equal highs and higher lows. This suggests a potential breakout to the upside. I have outlined two possible scenarios: 1. ETH breaks through the resistance zone with strong volume, then successfully retests it as support. 2. ETH fails to break the resistance zone and instead breaks below the rising trendline. Scenario 1: Many stop-loss orders are accumulating just above the equal highs. If ETH manages to break out of the resistance zone with high volume and fill the gap, there is a chance it will flip this resistance into support. To confirm this, we need multiple candle closes above the resistance zone. However, there is also a possibility that the FOMC meeting could trigger a price pump, only to drop immediately afterward, taking out stop-losses along the way. Scenario 2: In this case, ETH breaks below its rising trendline. For this to be a valid breakdown, it must be accompanied by high volume and a new lower low. If ETH breaks the trendline without forming a new lower low, it could be a fake-out. Therefore, we need confirmation: a lower low followed by a trendline retest. Interesting Observations: Stochastic RSI on the Daily Timeframe is rising rapidly into the overbought zone, while ETH remains in consolidation. Typically, we want the momentum of the Stochastic RSI to increase alongside price action. However, that is not happening here. If the Stochastic RSI enters the overbought area and then crosses downward, it could put selling pressure on ETH, potentially leading to new lows in this downtrend. https://www.tradingview.com/x/fCFTLg1E/ Conclusion: My base case is that ETH will sweep liquidity/stop-losses during the FOMC meeting with an initial upside move, followed by a sustainable correction downward in the coming days or weeks, accompanied by a decrease in the Stochastic RSI. We’ll have to wait and see how the FOMC meeting unfolds. Thanks for your support! Drop a like and leave a comment to have a conversation about this topic. Make sure to follow me so you don’t miss out on the next analysis.
CRYPTOCAP:USDT Dominance chart is approaching a critical phase, currently trading within a strong resistance zone while showing RSI bearish divergence. This suggests potential weakness ahead, which could lead to a drop in USDT dominance. If that happens, it typically correlates with a bullish phase for altcoins, as traders rotate capital from stablecoins into riskier assets. A breakdown below the rising support line could confirm a reversal, leading to further downside in USDT dominance. This scenario would likely trigger increased buying pressure in the altcoin market.
USD is squeezing. Go Long. stoploss at 146.33 Tp: I dont know. May be 154.162
Gold (XAU/USD) has successfully broken out of the consolidation zone after a strong rally. The price action recently tested the previous resistance level, which is now acting as new support. Trade Setup: Entry: Price has retested the breakout zone and is showing signs of bullish momentum. Support: The previous resistance area (now turned support) is holding well. Stop Loss: Placed just below the support at $3,034.562 to manage risk. Target: A potential upside move towards the $3,055 zone, which aligns with the next key resistance level. This setup follows a breakout-retest continuation pattern, a classic technical strategy where price revisits a breakout level before resuming the trend. If bullish momentum continues, we can expect a move towards the projected target. ? Key Levels to Watch: Support: $3,034.562 Resistance/Target: $3,055 Current Price: $3,039.925 ? Risk-to-Reward Ratio: Favorable, as the stop loss is placed strategically below support. ⚠️ Disclaimer : This is not financial advice. Always manage your risk and use proper risk management techniques. What are your thoughts on this setup? Will Gold push higher or face rejection? Let me know in the comments! ??
Hello traders. We have big news here in the US today. I have marked my area of interest for scalp buys / sells but for me, I am waiting for the news to see how the market reacts. I just wanted to post what I see as a good area to look for scalps. Saying that, I wish everyone a great day. Shout out to Big G. Be well and trade the trend. Let's see how the next few hours play out.
SELL 1.09100 | STOP 1.09650 | TAKE 1.08400 | The price continues to consolidate near the strong resistance range of 1.09250-1.09500. Today we expect a corrective downward movement.
Danach müsste es jetzt einen starken Rebound geben!
Der erste Einstieg wurde ausgestoppt. Betriebskosten, wenn man seine Verluste begrenzt! Bleibe weiterhin bullisch an der starken Unterstützung im Tages-Chart. Chart überarbeitet. Vereinfacht. Fibo Level als Unterstützung & Widerstand. Mittwoch, 19.03.2025 Einstieg 67,00 Stopp 64 Position Gr. Mittel Time frame D Ziel zwichen 72-76,00 CRV min. 4:1 - 6:1 Idee: (Bleibt bestehen) WTI saisonaler Anstieg. Saisonalität zeigt bullische Tendenz. Lange starke Unterstützungszone. Erwartung, dass dieses Niveau nach oben verlassen wird. Versuch eines längerfristigen Trades bis Anfang, Mitte April. Dies spiegelt nur meinen Handelsansatz wider. Es beschreibt und dient alleine mir als Trading Tagebuch.
Cathie Wood, the CEO of ARK Investment Management, has issued a stark warning to investors regarding the growing frenzy around meme coins. In a recent interview with Bloomberg Television, Wood expressed skepticism about the long-term viability of these digital assets, cautioning that most of them will eventually become “worthless.” Wood’s comments come at a time […]
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